MINDSPACE Stock Overview
Mindspace Business Parks REIT, sponsored by K Raheja Corp group, listed on the Indian bourses in August 2020. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 3/6 |
| Past Performance | 5/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
My Notes
Capture your thoughts, links and company narrative
Mindspace Business Parks REIT Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹361.48 |
| 52 Week High | ₹384.99 |
| 52 Week Low | ₹315.20 |
| Beta | 0.11 |
| 1 Month Change | -3.97% |
| 3 Month Change | 3.64% |
| 1 Year Change | 13.94% |
| 3 Year Change | 10.99% |
| 5 Year Change | n/a |
| Change since IPO | 19.03% |
Recent News & Updates
Shareholder Returns
| MINDSPACE | IN Office REITs | IN Market | |
|---|---|---|---|
| 7D | -1.9% | -0.6% | -1.9% |
| 1Y | 13.9% | -3.3% | 24.7% |
Return vs Industry: MINDSPACE exceeded the Indian Office REITs industry which returned -3.3% over the past year.
Return vs Market: MINDSPACE underperformed the Indian Market which returned 24.7% over the past year.
Price Volatility
| MINDSPACE volatility | |
|---|---|
| MINDSPACE Average Weekly Movement | 2.5% |
| Office REITs Industry Average Movement | 2.8% |
| Market Average Movement | 6.2% |
| 10% most volatile stocks in IN Market | 9.1% |
| 10% least volatile stocks in IN Market | 4.1% |
Stable Share Price: MINDSPACE has not had significant price volatility in the past 3 months compared to the Indian market.
Volatility Over Time: MINDSPACE's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2019 | n/a | Ramesh Nair | www.mindspacereit.com |
Mindspace Business Parks REIT, sponsored by K Raheja Corp group, listed on the Indian bourses in August 2020. The REIT owns quality office portfolios located in four key office markets of India, namely Mumbai Region, Pune, Hyderabad, and Chennai, and is one of the largest Grade-A office portfolios in India. The portfolio has a total leasable area of 33.1 msf comprising of 26.2 msf of completed area, 4.4 msf of area under construction and 2.5 msf of future development.
Mindspace Business Parks REIT Fundamentals Summary
| MINDSPACE fundamental statistics | |
|---|---|
| Market cap | ₹216.07b |
| Earnings (TTM) | ₹5.10b |
| Revenue (TTM) | ₹25.18b |
42.0x
P/E Ratio8.5x
P/S RatioIs MINDSPACE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MINDSPACE income statement (TTM) | |
|---|---|
| Revenue | ₹25.18b |
| Cost of Revenue | ₹3.35b |
| Gross Profit | ₹21.83b |
| Other Expenses | ₹16.72b |
| Earnings | ₹5.10b |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 8.60 |
| Gross Margin | 86.68% |
| Net Profit Margin | 20.26% |
| Debt/Equity Ratio | 53.2% |
How did MINDSPACE perform over the long term?
See historical performance and comparisonDividends
5.3%
Current Dividend Yield69%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 12:12 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Mindspace Business Parks REIT is covered by 20 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Karan Khanna | Ambit Capital |
| Girish Choudhary | Avendus Spark |
| Pritesh Sheth | Axis Capital Limited |